The price of politics

As the $700 billion rescue package was being unveiled, we were told that this effort would line the pockets of the wealthy as well as the Wall Street bankers responsible for the financial crisis. Some of the public fell for this propaganda. Lawmakers sensed the public's mood, and the bailout was initially defeated. Democrats knew what had to be done. But because it suited their political purposes, they let stand the notion that the wealthy and Wall Street bankers would benefit from the bailout.

It took informed people like Warren Buffett to point out that the "patient" being rescued by the bailout wasn't Wall Street bankers but the economy and you and me. The package was then passed. The costly four-day delay resulted in another layer of home foreclosures and layoffs. Let's hope voters will consider this and turn the Democrats out of office.